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Williams %R Indicator

This indicator was developed by Larry Williams to identify overbought and oversold conditions.  Williams %R is similar to other oscillators, particularly the stochastic oscillator, except for the fact that it oscillates in a negative range.  Readings between -80 and -100 indicate that the item may be oversold and to watch for a potential reversal.  Readings between 0 and -20 indicate that the item may be overbought and that it might be a good time to watch for a selling point.

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